Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Welltower
WELL
|
+$851M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$768M |
| 3 |
Blackstone
BX
|
+$670M |
| 4 |
AstraZeneca
AZN
|
+$544M |
| 5 |
Chevron
CVX
|
+$483M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$1.52B |
| 2 |
Microsoft
MSFT
|
+$1.11B |
| 3 |
Apple
AAPL
|
+$825M |
| 4 |
Applied Materials
AMAT
|
+$579M |
| 5 |
JD.com
JD
|
+$538M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.35% |
| 2 | Financials | 14.56% |
| 3 | Healthcare | 12.76% |
| 4 | Consumer Discretionary | 12.17% |
| 5 | Communication Services | 10.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
Pulmonx
LUNG
$75.6M
| $1.47M | ﹤0.01% |
40,880
+12,080
| +42% | +$475K |
|
2102
Arcutis Biotherapeutics
ARQT
$3.29B
| $1.46M | ﹤0.01% |
61,116
| – | – |
|
2103
Extreme Networks
EXTR
$3.91B
| $1.44M | ﹤0.01% |
+146,500
| New | +$1.55M |
|
2104
CEVA Inc
CEVA
$897M
| $1.42M | ﹤0.01% |
33,200
-24,100
| -42% | -$1.09M |
|
2105
First Interstate BancSystem
FIBK
$3.71B
| $1.41M | ﹤0.01% |
34,968
-7,658
| -18% | -$324K |
|
2106
Vertex
VERX
$2.19B
| $1.39M | ﹤0.01% |
72,230
-13,484
| -16% | -$261K |
|
2107
Viant Technology
DSP
$251M
| $1.38M | ﹤0.01% |
+113,200
| New | +$1.82M |
|
2108
Universal Technical Institute
UTI
$2.17B
| $1.37M | ﹤0.01% |
+203,200
| New | +$1.33M |
|
2109
Byline Bancorp
BY
$1.8B
| $1.34M | ﹤0.01% |
+54,700
| New | +$1.31M |
|
|
AGS
2110
DELISTED
PlayAGS
AGS
| $1.34M | ﹤0.01% |
+170,300
| New | +$1.35M |
|
2111
nLIGHT
LASR
$3.83B
| $1.34M | ﹤0.01% |
47,614
| – | – |
|
|
KBAL
2112
DELISTED
Kimball International
KBAL
| $1.34M | ﹤0.01% |
+119,700
| New | +$1.47M |
|
|
CDMO
2113
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $1.32M | ﹤0.01% |
61,400
+21,800
| +55% | +$526K |
|
2114
Brilliant Earth
BRLT
$17.6M
| $1.32M | ﹤0.01% |
+98,588
| New | +$1.42M |
|
2115
Warrior Met Coal
HCC
$4.17B
| $1.32M | ﹤0.01% |
56,700
-30,800
| -35% | -$623K |
|
|
HSKA
2116
DELISTED
Heska Corp
HSKA
| $1.32M | ﹤0.01% |
+5,100
| New | +$1.3M |
|
2117
Cytek Biosciences
CTKB
$540M
| $1.31M | ﹤0.01% |
+61,390
| New | +$1.44M |
|
2118
Quanex
NX
$868M
| $1.31M | ﹤0.01% |
61,391
-41,700
| -40% | -$973K |
|
2119
Ooma
OOMA
$612M
| $1.3M | ﹤0.01% |
70,074
+18,048
| +35% | +$340K |
|
2120
OceanFirst Financial
OCFC
$1.69B
| $1.3M | ﹤0.01% |
+60,600
| New | +$1.24M |
|
2121
RCI Hospitality Holdings
RICK
$195M
| $1.29M | ﹤0.01% |
+18,900
| New | +$1.24M |
|
2122
Zymeworks
ZYME
$1.63B
| $1.28M | ﹤0.01% |
44,191
| – | – |
|
2123
Independent Bank Corp
IBCP
$797M
| $1.27M | ﹤0.01% |
+59,000
| New | +$1.23M |
|
2124
Alpha and Omega Semiconductor
AOSL
$954M
| $1.26M | ﹤0.01% |
+40,200
| New | +$1.11M |
|
|
EBSB
2125
DELISTED
Meridian Bancorp, Inc.
EBSB
| $1.24M | ﹤0.01% |
59,887
+42,732
| +249% | +$850K |
|
Similar funds
Norges Bank's Q3 2021 Portfolio in Review
As of Q3 2021, Norges Bank held 2,403 positions worth $452B, down 2% from $461B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Norges Bank's Q3 2021 filing shows 197 new, 630 increased, 1,246 reduced and 133 closed positions. Its largest new stake was Palantir: 14,697,343 shares worth $353M. The largest sale was Alphabet (Google) Class A, an estimated $1.52B.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2021 buy was Palantir: 14,697,343 shares worth $353M.
- Norges Bank added most to Welltower in Q3 2021, an estimated $851M increase.
- Norges Bank's biggest Q3 2021 reduction was Alphabet (Google) Class A, cutting an estimated $1.52B.
- Norges Bank fully exited Alexion Pharmaceuticals in Q3 2021, selling an estimated $359M.
- Norges Bank's ten largest holdings make up 23% of its $452B portfolio in Q3 2021.
- Norges Bank opened 197 new positions and closed 133 in Q3 2021.
- Norges Bank's portfolio value fell 2% quarter-over-quarter to $452B.
Based on Norges Bank's 13F filing for Q3 2021, filed 5 Nov 2021.